Thursday, May 10, 2007

Lawyers plead guilty to fraud in trading case

(Reuters) - Randi Collotta, who worked for Morgan Stanley's compliance division in New York, admitted to giving information about upcoming mergers and acquisitions to her husband, who is in private practice.

Christopher Collotta told the court he shared some of the insider information with Florida broker Marc Jurman, who agreed to share part of his profits with the Collottas and also passed the information along to others.


Read more at Reuters.com Market News

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